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FMHI - First Trust Municipal High Income ETF

Stock Price: $56.69 USD -0.04 (-0.07%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Assets $280.81M
NAV $56.73
Expense Ratio 0.55%
PE Ratio n/a
Beta (5Y) 0.13
Dividend (ttm) $1.66
Dividend Yield 2.93%
Ex-Dividend Date Jul 21, 2021
1-Year Return -
Trading Day July 23
Last Price $56.69
Previous Close $56.73
Change ($) -0.04
Change (%) -0.07%
Day's Open 56.81
Day's Range 56.60 - 56.81
Day's Volume 103,567
52-Week Range 50.07 - 57.63

Fund Description

The investment seeks to provide federally tax-exempt income, and its secondary objective will be long-term capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objectives by investing at least 80% of its net assets (including investment borrowings) in municipal debt securities that pay interest that is exempt from regular federal income taxes. Municipal securities are generally issued by or on behalf of states, territories or possessions of the U.S. and the District of Columbia and their political subdivisions, agencies, authorities and other instrumentalities.

Asset Class
Fixed Income
Inception Date
Nov 1, 2017
Exchange
NASDAQ
Ticker Symbol
FMHI
Index Tracked
Bloomberg Barclays Municipal Custom High Yield Composite Index

Top 10 Holdings

16.06% of assets
NameSymbolWeight
Us Dollarsn/a6.19%
BUCKEYE OHIO TOB SETTLEMENT FING AUTH 5%n/a1.55%
CANYON PINES MET DIST COLO SPL IMPT DIST NO 1 SPL ASSMT REV 3.75%n/a1.26%
OKLAHOMA DEV FIN AUTH REV 7.25%n/a1.13%
ILLINOIS ST 5%n/a1.13%
YAMHILL CNTY ORE HOSP AUTH REV 5%n/a1.05%
NORTH CAROLINA MED CARE COMMN HEALTH CARE FACS REV 4%n/a1.01%
SOUTHCENTRAL PA GEN AUTH REV 4%n/a0.96%
SAN FRANCISCO CALIF CITY & CNTY 4%n/a0.90%
NEW YORK N Y CITY TRANSITIONAL FIN AUTH REV 4%n/a0.88%
View More Holdings

Dividends

Ex-DividendAmountPay Date
Jul 21, 2021$0.13Jul 30, 2021
Jun 24, 2021$0.135Jun 30, 2021
Jun 23, 2021$0.135Jun 30, 2021
May 21, 2021$0.135May 28, 2021
Apr 21, 2021$0.14Apr 30, 2021
Mar 25, 2021$0.14Mar 31, 2021
Full Dividend History

News

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The municipal high-income ETF hit a 52-week high recently. Can it soar higher?

2 months ago - Zacks Investment Research

First Trust Municipal High Income ETF (FMHI) recently hit a 52-week high. Will it soar further?

2 months ago - Zacks Investment Research

The tax hike talks, improving U.S. economic growth, high yields and chances of issuances of build back America bonds may help muni bond ETFs in the near term.

Other tickers mentioned: MLN, MUST, SHYD
3 months ago - Zacks Investment Research

There is growing support among Americans for wealth tax imposition. What would it bring for muni bond ETFs?

Other tickers mentioned: FLMB, ITM, MLN, RVNU
1 year ago - Zacks Investment Research

Democratic presidential candidates are pitching for tax hikes in some way or the other. This should keep the winning momentum alive for muni bond ETFs.

Other tickers mentioned: FLMI, MLN, PZA, SHYD
1 year ago - Zacks Investment Research